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Oil Minister Dharmendra Pradhan, in a written reply to a question put to him in the Lok Sabha, said private companies were allowed to sell petrol and diesel in March 2002. From April 2002, fuel pricing was also deregulated.

Pending decision on eligibility of bidders for debt-laden Essar Steel, lenders and Insolvency Resolution Professional (IRP) are likely to meet on Wednesday and take up the option of rebidding, sources said.

UltraTech Cement today said it has entered into an agreement with Binani Industries to buy 98 percent stake in its debt ridden subsidiary Binani Cement Ltd (BCL) which is going through insolvency proceedings.

Gayatri Projects in focus as the company reduces gross debt by Rs 40 crore in 11 months of FY18. In an interview to CNBC-TV18, TV Sandeep Reddy, MD of the company spoke at length about the debt paring plans and gave his outlook for the future.

This includes a Unified Payment Interface (UPI)-based solution for instant fund transfers, and an option for facilitating cash deposits at automated Cash Deposit Machine (CDM) available at ICICI Bank branches and ATM locations across the country, Swiggy said in a statement here.

Located on the river Kishanganga, a tributary of the Jhelum in Bandipora district, all the three units of the 340 MW project will generate 1,350 million units (MU) of clean electricity annually, a Bhel statement said.

The company, which will launch an SUV by the second quarter of next year, has already started investing Rs 2,000 crore on upgrading the Halol plant in Gujarat which it had acquired from General Motors last year.

Alibaba, which already owns 83 per cent of Lazada with two investments totalling USD 2 billion as of June last year, has been trying to acquire both online and offline assets to further bolster its business.